Iron Ore markets remain quit ahead of weekend

UNITED KINGDOM January 13 2017 4:29 PM

NEW YORK (Scrap Register): It was a quiet spot iron ore market ahead of the weekend. An Australian miner sold 61% Fe PB Fines through a tender just above 79.5. 

Another Australian miner sold 61.2% Fe fines at a floating price by private negotiation late yesterday. On COREX, 61% Fe PB fines were offered at 78.5, while 57.2% Fe fines were offered at 70.5 - neither attracted bids. 

In China, port stock prices rose around RMB 5/wmt on thin transactions. The most active DCE iron ore contract gained 0.17% while SHFE rebar futures went down 0.56%. 

Spot billet prices in Tangshan lost RMB 50/t and spot rebar prices in Beijing were flat. Have a nice weekend. All prices US$/dmt CFR China unless stated otherwise.